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Do Ethics Still Matter?

Effective Managers

Is Ethics even a thing anymore? And it has stained at the same time the global profession of management consulting. Clients must believe that the management consultant who is providing them with guidance and support has their best interests at heart. Executives drive sales targets throughout the organization.

Ethics 52
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The Transformative Power of AI in Business

Tom Spencer

As a result, businesses are able to provide recommendations that simultaneously enhance customer satisfaction and increase sales revenue. Supply chain management is another area where AI is revolutionizing operations. By analyzing the sentiment expressed in customer feedback a company can identify common pain points or areas of praise.

Data 147
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What You Can Do to Improve Ethics at Your Company

Harvard Business

It’s hard for good, ethical people to imagine how these meltdowns could possibly happen. But what about the ordinary engineers, managers, and employees who designed cars to cheat automotive pollution controls or set up bank accounts without customers’ permission? Volkswagen. and the U.K.,

Ethics 35
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Wells Fargo and the Slippery Slope of Sales Incentives

Harvard Business

The settlement stems from the bank’s employees allegedly opening more than 2 million bank and credit card accounts without customers’ permission. ” That speaks to why they did this in the first place: To meet sales quotas and earn incentives. .” Will eliminating sales goals do it?

Sales 28
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Managers Aren’t Doing Enough to Encourage Whistleblowing

Harvard Business

The Wells Fargo fake accounts scandal drew a lot of media attention, particularly around the intense pressure on staff to meet sales goals. But far less attention has been paid to how the bank actively discouraged whistleblowing. Some employees even claimed that they were fired for calling the internal ethics hotline.

Ethics 28
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Is AI Technology on the Verge of Displacing Humans?

Effective Managers

This work is carried out by managers of front-line workers and professionals: nurses, doctors, engineers, lawyers, management consultants, people-managers, teachers, architects, detectives, dentists. Much of the highly proceduralized work of bank tellers has been replaced by automated tellers and online banking.

Ethics 59
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8 Reasons that May Cause You to Loose Customers

Tom Spencer

One of the big five banks in Canada, Scotiabank, has outsourced printing of cheques to an external vendor called D+H. Whenever a customer orders a new chequebook online and faces some issues while doing so, bank employees politely redirect the customer to the vendor. From airlines to banks we experience this all the time.

Banking 88